MP backs biodiesel tax break project
29 June 2011
Liberal Democrat MP Andrew George is backing a project to keep tax breaks for business who produce biodiesel.
Producers converting cooking oil into biodiesel presently gain from a 20p differential however that is because of end next April.
The St Ives MP, who leads the Lib Dem Environment Team, has been meeting the UK sustainable biodiesel alliance.
Mr George stated "a variety of small companies in Cornwall currently earn money from used cooking oil".
He included: "In order to be able to get this type of market going it does require simply a little bit of lift which is available in the kind of tax inescapable."
Biodiesel is a mix of standard diesel, rapeseed and vegetable oils.
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MP Backs Biodiesel Tax Break Campaign
venettabloodsw edited this page 2025-01-18 01:18:07 +08:00